Osborne Urged To Build More Homes and Save the Economy

A housing industry body has urged the Chancellor of the Exchequer to save the UK’s economy – by building more homes.  The Chartered Institute of Housing (CIH) has told the Government that it risks “serious economic consequences” unless its uses its next spending round to boost house building.  In its submission to the Government, the CIH has called on ministers to invest £2 billion a year in funding for affordable housing from 2015/16 and to raise local authority housing borrowing caps by £7bn.  This would support the construction of between 70,000 and 80,000 new affordable homes a year, making a significant contribution to addressing our chronic lack of new homes.  Read more on the Housing Excellence website.